Experienced Appraisal Reviews with Appraise Colorado Inc
As said in a statement by the Federal Reserve, "financial institutions are required to have an effective, independent real estate appraisal and evaluation plan," and that appraisers doing reviews should "have the ability and expertise to assess compliance with the Federal Reserves appraisal regulations and guidelines." For appraisal review services that are impartial, expert, professional and in line with the Federal Reserve's rules, contact Appraise Colorado Inc.
If you have questions in reference to an appraisal, or if you're in the need of a real estate appraisal review, call us today.
As stated by the Federal Reserve, appraisal reviews "must decide whether the appraisal or evaluation is fitting for the transaction, the danger of the transaction, and whether the procedures by which the collateral valuation is obtained guarantees independence and quality." They "should also demonstrate whether the appraisal or evaluation report is true to the engagement letter, which sets forth the extent of the appraisal assignment." The Federal Reserve also states that "some institutions reinforce periodic reviews with post-funding assessments of appraisal quality for a number of their high-risk or greater-value contracts as a method to assist in uncovering valuation dilemmas."
In addition to tailoring our work to the processes and guidelines of our review customers, there are four Fannie Mae forms that are generally used for review services, and we will produce an appraisal review on any one of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Appraise Colorado Inc, we are trained in every type of appraisal review, review process and the responsibilities of review appraisers.
We understand what the most common inadequacies are, particularly in our housing market, as well as what represents a quality appraisal. We're also sufficiently skilled to identify that the competitors in our market are able to do a fine job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can trust us to justly assess appraisal reports carried out by others. And those others might be reviewing our work, too!
In short, when you choose Appraise Colorado Inc, you can trust our honest judgment, because we offer professional, fair, ethical appraisal review services for our clients. Contact us for more information regarding our qualifications, expertise and service offerings.